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Chubb: 4Q Earnings Snapshot

ZURICH (AP) _ Chubb Corp. (CB) on Tuesday reported fourth-quarter profit of $355 million.

On a per-share basis, the Zurich-based company said it had profit of 76 cents. Earnings, adjusted for non-recurring costs and amortization costs, were $2.02 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.

The insurer posted revenue of $8.44 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $7.72 billion.

For the year, the company reported profit of $3.96 billion, or $8.49 per share. Revenue was reported as $33.8 billion.

Chubb shares have increased 4 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 9 percent. In the final minutes of trading on Tuesday, shares hit $134.51, a drop of almost 9 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CB at https://www.zacks.com/ap/CB